Airlie Australian (Australia) Market Value
| AASF Etf | 3.94 0.03 0.77% |
| Symbol | Airlie |
Please note, there is a significant difference between Airlie Australian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Airlie Australian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airlie Australian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Airlie Australian 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Airlie Australian's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Airlie Australian.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Airlie Australian on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Airlie Australian Share or generate 0.0% return on investment in Airlie Australian over 30 days. Airlie Australian is related to or competes with IShares MSCI, and VanEck Vectors. Airlie Australian is entity of Australia More
Airlie Australian Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Airlie Australian's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Airlie Australian Share upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7261 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.06 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.04 |
Airlie Australian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airlie Australian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airlie Australian's standard deviation. In reality, there are many statistical measures that can use Airlie Australian historical prices to predict the future Airlie Australian's volatility.| Risk Adjusted Performance | 0.0553 | |||
| Jensen Alpha | 0.0375 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 3.15 |
Airlie Australian Share Backtested Returns
Currently, Airlie Australian Share is not too volatile. Airlie Australian Share secures Sharpe Ratio (or Efficiency) of 0.0567, which signifies that the etf had a 0.0567% return per unit of risk over the last 3 months. We have found thirty technical indicators for Airlie Australian Share, which you can use to evaluate the volatility of the entity. Please confirm Airlie Australian's Downside Deviation of 0.7261, mean deviation of 0.5144, and Risk Adjusted Performance of 0.0553 to double-check if the risk estimate we provide is consistent with the expected return of 0.0371%. The etf shows a Beta (market volatility) of 0.0124, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Airlie Australian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Airlie Australian is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
Airlie Australian Share has virtually no predictability. Overlapping area represents the amount of predictability between Airlie Australian time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Airlie Australian Share price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Airlie Australian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Airlie Australian Share lagged returns against current returns
Autocorrelation, which is Airlie Australian etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Airlie Australian's etf expected returns. We can calculate the autocorrelation of Airlie Australian returns to help us make a trade decision. For example, suppose you find that Airlie Australian has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Airlie Australian regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Airlie Australian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airlie Australian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airlie Australian etf over time.
Current vs Lagged Prices |
| Timeline |
Airlie Australian Lagged Returns
When evaluating Airlie Australian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airlie Australian etf have on its future price. Airlie Australian autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Airlie Australian autocorrelation shows the relationship between Airlie Australian etf current value and its past values and can show if there is a momentum factor associated with investing in Airlie Australian Share.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Airlie Etf
Airlie Australian financial ratios help investors to determine whether Airlie Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Airlie with respect to the benefits of owning Airlie Australian security.